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jewelry making supplies wholesale The concept of Bitcoin was initially proposed by Nakamoto Satoshi in 2009. The open source software and constructed P2P networks on it according to the idea of ​​Satoshi Nakamoto. Bitcoin is a P2P form of digital currency. Point -to -point transmission means a decentralized payment system. Unlike most currencies, Bitcoin does not rely on specific currency institutions. According to specific algorithms, it is generated by a large number of calculations. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transactions. And use the design of cryptography to ensure the security of all aspects of currency circulation. The decentralization characteristics and algorithms of P2P can ensure that the currency value cannot be manipulated by a large number of Bitcoin. Design based on cryptography can make Bitcoin only transfer or pay by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to 21 million. Bitcoin can be used to fulfill, and can be exchanged for currency in most countries. Users can buy some virtual items with Bitcoin, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, it can also use Bitcoin to buy items in real life. [1-2] Senator Joe Manchin () Senator Joe Macin () On February 26, 2014, he issued an open letter to multiple US federal government regulators, hoping that relevant institutions can encourage illegal activities and disrupt financial order on Bitcoin The status quo is attached to it, and it is required to take action as soon as possible to completely block the electronic currency.